Cadence Design Systems, Inc. $CDNS Holdings Lifted by Ethic Inc.

Ethic Inc. boosted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,255 shares of the software maker’s stock after buying an additional 1,221 shares during the quarter. Ethic Inc.’s holdings in Cadence Design Systems were worth $8,013,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CDNS. Nuveen LLC bought a new position in Cadence Design Systems during the first quarter valued at about $289,744,000. Jennison Associates LLC boosted its stake in Cadence Design Systems by 13.2% during the first quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker’s stock valued at $2,305,489,000 after buying an additional 1,054,702 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Cadence Design Systems by 466.4% during the second quarter. Assenagon Asset Management S.A. now owns 786,849 shares of the software maker’s stock valued at $242,468,000 after buying an additional 647,931 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Cadence Design Systems by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker’s stock valued at $6,698,834,000 after purchasing an additional 429,955 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cadence Design Systems by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,729,026 shares of the software maker’s stock valued at $1,202,733,000 after purchasing an additional 312,757 shares during the period. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Trading Down 0.9%

Shares of NASDAQ CDNS opened at $330.51 on Thursday. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The firm has a market capitalization of $90.06 billion, a PE ratio of 89.33, a PEG ratio of 4.37 and a beta of 0.99. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $347.32 and a two-hundred day moving average price of $320.58.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.09. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company posted $1.28 EPS. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. As a group, analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total transaction of $60,211.80. Following the completion of the sale, the director directly owned 7,830 shares of the company’s stock, valued at $2,619,213.30. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the sale, the vice president directly owned 99,672 shares of the company’s stock, valued at $34,712,767.44. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,680 shares of company stock valued at $3,729,852 in the last three months. Corporate insiders own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CDNS shares. JPMorgan Chase & Co. increased their price target on Cadence Design Systems from $330.00 to $390.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. BNP Paribas Exane started coverage on Cadence Design Systems in a research report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price target for the company. Piper Sandler reiterated a “neutral” rating and issued a $355.00 price target (up previously from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Mizuho increased their price target on Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company increased their price target on Cadence Design Systems from $365.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average target price of $369.71.

Cadence Design Systems Profile

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.